Overview
What is The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny?
The Downtownwaterfront Business Improvement Dist Inc of Yonkers, New York, is a nonprofit organization with a mission to enhance the economic vitality and general welfare of its designated district, the Yonkers Downtown/Waterfront area. By collaborating with various entities within and beyond the city, this organization serves to promote business opportunities, employment, consumer choices, and civic interests. Their activities include public safety and visitor services, marketing and promotional programs, capital improvements, and beautification in the district. These supplemental services are provided in addition to those offered by the city of Yonkers, aiming to revitalize the local economy and preserve the district's cultural, historic, tourist, and civic interests. The organization currently employs 17 individuals.
Official website here: www.yonkersdowntown.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator.
The Downtown Waterfront Business Improvement District Inc. of Yonkers, NY has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong performance in accountability and financial practices. The organization operates with a fully independent board, which has been awarded full points for both the majority of independent members and board size, ensuring governance is conducted without conflicts of interest.
Additionally, the nonprofit demonstrates a robust financial health, as evidenced by its high program expense ratio of 88.23%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs. Its commitment to best practices is further underscored by the presence of comprehensive policies on conflict of interest, whistleblowing, and document retention, all of which received perfect scores.
While the organization has received high marks in various categories, continual oversight and adherence to these strong governance practices will be essential to maintain its positive reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny legitimate?
The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $118,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $609,081
For more financial information, click here
Official website here: www.yonkersdowntown.com
What is the mission statement of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny?
The Downtownwaterfront Business Improvement District, in its specified area, aims to enhance the economic revitalization and general welfare. It promotes and preserves the cultural, historic, tourist, and civic interests of the district. The organization mobilizes both public and private resources to achieve these goals. It provides a platform for collaboration between service firms, retail establishments, property owners, employers, citizens, and others, to promote business opportunities, employment, and consumer choices. The Business Improvement District also participates in activities of other organizations engaged in similar activities, with the ultimate aim of promoting the district's overall development.
Official website here: www.yonkersdowntown.com
Who is the CEO of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny?
Ken Dearden is the Chairman of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny.
Official website here: www.yonkersdowntown.com
What is the revenue of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny?
The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny's revenue in 2022 was $1,907,579.
Official website here: www.yonkersdowntown.com
Who are the executives of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny and what are their salaries?
The average compensation at The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny during 2022 was $42,769. There are 17 employees and 13 volunteers at The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny.
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Official website here: www.yonkersdowntown.com
Where can I find the form 990 for The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny?
The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yonkersdowntown.com
Learn more at the official website: www.yonkersdowntown.com
Mission Statement of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny
The Downtownwaterfront Business Improvement Dist Inc of Yonkers NY is committed to serving its geographically defined special improvement district, the Yonkers business community, and the city of Yonkers. Its mission is multifaceted, aimed at fostering economic revitalization and general welfare within the district and the city, promoting and preserving cultural, historic, tourist, and civic interests. The organization seeks to mobilize available public and private resources for these purposes, providing a platform for cooperation among service firms, retail establishments, property owners, employers, citizens, and others to promote business opportunities, employment, consumer choices, shoppers' facilities, and general civic interests. Furthermore, The Downtownwaterfront Business Improvement Dist Inc of Yonkers NY actively collaborates with other organizations, individuals, and public and private entities within and outside the city engaged in similar activities.
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Impact
October, 2024
The Downtownwaterfront Business Improvement District Inc. of Yonkers, NY, plays a pivotal role in the economic revitalization and welfare of the local community and the city as a whole. By focusing on the specific needs of the Yonkers Downtown/Waterfront area, it fosters collaboration among businesses, property owners, and residents, creating a dynamic environment conducive to growth and opportunity.
This initiative enhances public safety and visitor services, ensuring that the district remains welcoming and secure for both locals and tourists. Through targeted marketing and promotional programs, it amplifies the visibility of local businesses, encouraging patronage and stimulating economic activity. The emphasis on capital improvements and beautification directly contributes to an appealing urban landscape, making the area more attractive for shopping and leisure activities.
Moreover, the organization plays a crucial role in preserving the cultural, historic, and civic interests of Yonkers. By mobilizing public and private resources, it effectively aligns various stakeholders towards common goals, thereby enhancing community engagement and fostering a sense of pride among residents. As a result, the Downtownwaterfront Business Improvement District not only promotes business opportunities and consumer choices but also strengthens the overall fabric of the Yonkers community.
This information is meant to be a general summary of The Downtownwaterfront Business Improvement Dist Inc Of Yonkers Ny. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $469
- Program Service Revenue: $1,445,761
- Gross Receipts: $1,907,579
Assets and Liabilities:
- Total Assets: $683,368
- Total Liabilities: $153,292
- Net Assets: $530,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENTS
Revenue
$831,151
PROMOTIONAL INCOME
Revenue
$605,983
OTHER PROGRAM SERVICE REVENUE
Revenue
$8,627
Organization Details
Founding Year
2002
Phone
(914) 969-6660Principal Officer
Ken Dearden
Main Address
15 MAIN STREET, YONKERS, NY, 10701
Website
www.yonkersdowntown.comNTEE Category
Code: S20 - Community improvement
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